Every cloud has a silver lining. The same perhaps holds true for select mid-cap stocks, which have suffered their worst first half in five years.
Shares of PTC India Ltd., the country's largest power trader, are down over 30 percent so far this year. The stock is trading at a discount to its five-year average price to earnings. Moreover, it has the highest return potential among the midcap-stocks currently, Bloomberg data showed.
Fertiliser maker Coromandel International Ltd., construction firm NBCC (India) Ltd., state-run Bharat Electronics Ltd. and water purifier VA Tech Wabag Ltd. were the next four stocks trading below their historical average with a high return potential.